Full-Time

Vice President Risk Management

Updated on 11/21/2024

Fluence

Fluence

1,001-5,000 employees

Provides energy storage technology and solutions

Data & Analytics
Energy

Senior, Expert

Arlington, VA, USA

This position is hybrid.

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor’s degree in finance, business administration, engineering, or a related field. A Master’s degree (MBA or related) is preferred.
  • Strong understanding of financial statements, credit analysis, and the economic impact of market risks.
  • Familiarity with legal and regulatory requirements affecting commercial transactions, including contract law and trade regulations.
  • Proficiency in negotiating contracts and agreements while managing risk exposure.
  • Strong understanding of risk management principles, frameworks, and methodologies, particularly as they relate to commercial activities.
  • Deep understanding of the renewable energy sector, including key market drivers, regulatory challenges, and financial models specific to renewable projects.
  • Strong ability to assess complex financial, operational, and environmental risks and develop strategies to mitigate them.
  • Ability to align risk management strategies with the company's long-term business objectives, particularly in the context of sustainable growth.
  • Proven track record of leading risk management teams and working closely with C-suite executives to shape the company’s risk posture.
Responsibilities
  • Develop, implement and/or enhance a comprehensive risk framework to assess and quantify risk as well development of plans to mitigate those risks.
  • Oversee the identification and assessment of all types of risks including strategic, operational, financial, compliance and reputational risks.
  • Implement risk assessment methodologies and tools to quantify and prioritize risks.
  • Design and implement effective risk mitigation strategies and controls.
  • Monitor the effectiveness of risk management strategies and adjust as necessary.
  • Prepare and present regular updates to the Board of Directors, executive management, and relevant stakeholders.
  • Foster a risk-aware culture across the organization through effective communication and training programs.
  • Develop and maintain crisis management and business continuity plans.
  • Lead the response to major risk events, ensuring effective crisis management and recovery.
  • Ensure that Fluence stays abreast of industry trends, emerging risks and opportunities.
  • Lead, mentor, and develop the ERM team, ensuring they have the skills and resources needed to effectively manage risks and propose strategies to help Fluence achieve its industry leading growth objectives.
  • Collaborate with the senior leadership team to integrate risk management into all business processes.

Fluence Energy provides energy storage technology and digital applications specifically designed for renewable energy. Their products include systems that can store electricity generated from renewable sources, making it available for use when needed. These systems are tailored for various clients, including utilities and industrial customers, and can be customized for different applications. What sets Fluence apart from its competitors is their focus on turnkey solutions, which means they offer complete packages that include all necessary equipment and services for energy storage. The goal of Fluence is to enhance the efficiency and performance of renewable energy systems, helping to support the transition to cleaner energy sources.

Company Stage

IPO

Total Funding

$250M

Headquarters

null, Virginia

Founded

2018

Growth & Insights
Headcount

6 month growth

2%

1 year growth

24%

2 year growth

47%
Simplify Jobs

Simplify's Take

What believers are saying

  • The multiyear agreement with Excelsior Energy Capital to develop 2.2 GWh of battery storage projects in the U.S. starting in 2025 indicates strong future growth prospects.
  • Fluence's new digital hub in Bengaluru enhances its capabilities in energy storage optimization, potentially leading to more efficient and reliable energy solutions.
  • The $2.9 billion increase in Fluence's pipeline from Q1 to Q2 demonstrates robust demand and a strong market position.

What critics are saying

  • Ongoing investigations into potential securities fraud could damage Fluence's reputation and lead to financial penalties.
  • The competitive landscape in energy storage is intense, requiring continuous innovation and investment to maintain market share.

What makes Fluence unique

  • Fluence's shift to domestic manufacturing in Utah from Vietnam positions it as a key player in the U.S. energy storage market, aligning with national interests in supply chain security.
  • The company's focus on energy storage and optimization software, exemplified by its new Remote Monitoring and Diagnostics Center in Bengaluru, sets it apart from competitors who may not offer such comprehensive digital solutions.
  • Fluence's ability to secure significant partnerships, such as with Excelsior Energy Capital and SSE Renewables, highlights its strong market presence and reliability in large-scale energy projects.

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